Originally Posted By RoadTrip I forget to list a source for #20 Source: <a href="http://www.mdleasing.com/djia.htm" target="_blank">http://www.mdleasing.com/djia.htm</a>
Originally Posted By Sport Goofy So, 1,000 points in 10 years? Not even a 20% gain? How does that compare to inflation. (Hint: You lose money.) I have money market funds that have returned better over 10 years than the DJIA.
Originally Posted By RoadTrip LOL You get an answer you didn't expect and don't like so you change the question! Great Palin move there Sport!!
Originally Posted By Sport Goofy I knew the answer to my question before I asked it. You are satisfied with a less tha 20% return over 10 years? A return that is less than inflation over the same period? How is that good news?
Originally Posted By RoadTrip <<How is that good news?>> Well, you are looking at the DJIA now after taking one of the biggest drops in history over the past couple of weeks, compared to 10 years ago when it had just had the largest weekly increase in it's history. We'll talk again in 6 months after all of this has had a chance to settle down a bit.
Originally Posted By Sport Goofy << We'll talk again in 6 months after all of this has had a chance to settle down a bit. >> I'm not sure what the DJIA is going to do in 6 months that it hasn't done in 10 years. For it to match the returns on my money market, it would have to gain about 50% between now and then.
Originally Posted By utahjosh I hope everyone here on LP is prepared for the worst of time, and that we hope and work for them not to happen. Food storage is a very wise thing. So is saving money. So is emergency preparedness. The need for these things seem more and more likely, so I urge everyone to prepare. I'm not preaching doom and gloom, just common sense.
Originally Posted By Sport Goofy << You get an answer you didn't expect and don't like so you change the question! Great Palin move there Sport!! >> Oh, and by the way, I noticed that you only answered half of my question -- the one about the DJIA. How about the S&P 500? A much broader market index. Why didn't you answer that part of the question. Very Palin-esque yourself. ;-)
Originally Posted By RoadTrip So is STAYING POSITIVE. The current crisis is fueled by PANIC more than anything else. The gloom and doomers do nothing but contribute to the panic. <<“All of a sudden, in the last two weeks, things have deteriorated,” said Brian Wesbury, chief economist at First Trust Advisors. “And I think this is due to this credit crunch, this kind of panic. Never in modern-day history have we had a panic-induced recession. If it's confidence, that can be a very quick thing down. And once things get stabilized, we can come back up, and we will make up all our lost ground on the other side.”>> Source: <a href="http://www.msnbc.msn.com/id/27038533/page/2/" target="_blank">http://www.msnbc.msn.com/id/27.../page/2/</a>
Originally Posted By mawnck Stay positive, and stock up on the Beenie Weenies. Sounds like a plan to me.
Originally Posted By RoadTrip <<How about the S&P 500? A much broader market index. Why didn't you answer that part of the question.>> Because I didn't want to spend the additional time searching for it. But I did now and it was 984.59. Below where it is today 1037.13. <a href="http://finance.yahoo.com/q/hp?s=%5EGSPC&a=09&b=6&c=1998&d=09&e=6&f=1998&g=d" target="_blank">http://finance.yahoo.com/q/hp?...1998&g=d</a>
Originally Posted By RoadTrip <<Oh - Dow down 537. Stay positive.>> Doesn't anyone but me want to predict where it ends the day? I'm still going with -142.
Originally Posted By fkurucz <<I am not sure anyone will use those checks for Christmas ( likely just buy food and pay bills) - but they will need to do something or suffer the worst holiday shopping period in quite a while.>> I don't expect people to buy 60" TVs. But they will want to put someting under the tree and have a nice dinner. One thing I recall about Mexico (when I lived there): Christmas bonuses are mandatory in Mexico, 20 days pay IIRC (90 days if you worked for the gov't). No matter how bad the year had been, people would go and BLOW their entire "aguinaldo". The gov't even used to run commercials on TV begging people save a portion of their bonus. Fat chance. After tightening their belts all year people were ready to party, and they did. And why save? Inflation would destroy utterly destroy an savings. I knew some people (middle class) who would buy silver coins as a hedge against inflation.
Originally Posted By ecdc Yeah, on the plus side, hopefully Disneyland won't be too busy next week when I'm there.
Originally Posted By fkurucz <<I'm not sure what the DJIA is going to do in 6 months that it hasn't done in 10 years. For it to match the returns on my money market, it would have to gain about 50% between now and then.>> Some people seem to be expecting a quick recovery in the housing and stock markets. FWIW, I recall that "experts" have been predicting an imminent housing recovery for almost 2 years now.
Originally Posted By fkurucz <<Food storage is a very wise thing. So is saving money. So is emergency preparedness. The need for these things seem more and more likely, so I urge everyone to prepare. I'm not preaching doom and gloom, just common sense. >> Some people are advising acquiring firearms and ammo because they believe that law and order could break down completely (I don't share that view).
Originally Posted By ecdc >>Is Disneyland ever busy during weeks in October?<< Word is it's getting busier each year. Still nothing like a holiday weekend, but not dead. I've decided to wait until I get back to look at my 401K, otherwise I might panic.
